Ann: Quarterly Activities Report & Appendix 4C, page-7

by comparing the last few quarterlies I can see that:

- payments from customers have increased (up $5k from last quarter and $40k from the quarter before that)

- operation costs continue to stay at a decent level (up $40k compared to last quarter but down $240k compared to the quarter before that)

- I think a highlight there is that tournament operating costs have dropped by $54k while at the same time receipts from customers increased.

They all but confirmed our theories of the app being a focus and broke down where majority of the recent funds will be used.

Good sign that the new partnership will be a game changer for Mogul and their plans to be a first mover in a number of areas with the major money maker being advertising and streaming!

this is just my quick glance over so get to completely break down the report.

IMO